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home : features : business August 1, 2014

3/31/2014 9:32:00 AM
Walgreens announces 76 store closures
Photo courtesy Coolcaesar at Wikimedia Commons
Photo courtesy Coolcaesar at Wikimedia Commons

Tim Wiederaenders
The Daily Courier

Walgreen Co. this week announced plans to close 76 unprofitable drugstores by August as part of a nationwide plan to save as much as $50 million per year beginning in its fiscal 2015.

It is unclear whether either of the two locations - Prescott, in the Albertson's/Depot Marketplace, or Prescott Valley at 2880 Centre Court - will close or survive the axe. Calls to local stores were referred to the corporate office, and calls to the Michigan-based drugstore chain's headquarters went unreturned this week.

However, the website for Walgreen, the nation's largest drugstore chain, and other media reports confirm officials are declining to specify which locations will close, other than stating they're "spread across the country."

Most stores that will close either have had other Walgreens locations open in the same area or have seen real estate values decline since they've opened, the company said.

Including the closures, the company still plans to have a net increase in store count this year of between 55 and 75 locations. It operates 8,210 drugstores nationwide, 138 more than a year ago.

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Reader Comments

Posted: Tuesday, April 8, 2014
Article comment by: could see one Prescott store close

I could definitely see the one in the strip mall next to Albertsons close, while leaving the stand-alone store by the Walmart open. I doubt they'd close the PV one or the CV one.

Posted: Sunday, April 6, 2014
Article comment by: Former Walgreen's Customer

It is hard to imagine the one in PV being closed.

There is almost always a long of customers in the pharmacy drive-thru.

I stopped patronizing the pharmacy, because 45-60 minutes is just too long to wait to pick up a script.

Posted: Thursday, April 3, 2014
Article comment by: Jeff Miller

Walgreens headquarters are located in Illinois not Michigan like the article states.

Posted: Tuesday, April 1, 2014
Article comment by: Dustin Fette

The Prescott Valley one is always packed! Prescott has two Walgreens btw. One over by Gail Gardner and the one by Albertsons.

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